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RE: LeoThread 2024-12-08 16:46

in LeoFinance20 days ago

Part 4/7:

As the conversation shifted gears, focus turned to the financial implications for Corinthians in 2024 and beyond. Financial expert Lívia offered insights into the daunting financial landscape that the club faces. With rising expenses projected to exceed 40%, Corinthians is bracing for substantial budget adjustments as they navigate through a fiscal year that poses many challenges.

A key discussion point was the increasing debt, which has swelled from R$2.2 billion to R$2.3 billion, a worrying trend compounded by predictions of a persistent financial risk. Specifically, R$657 million of this debt is associated with the arena itself. Lívia provided a stark outlook, stating that the club's debt could reach as much as R$2.1 billion by 2025 if expected revenue targets do not materialize.